November 16, 2018

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OFAC Offers Temporary Extension of Ukraine-related General Licenses

On September 21, 2018, OFAC extended certain Ukraine-related general licenses. OFAC issued General License No. 13D authorizing certain transactions necessary to divest or transfer debt, equity, or other holdings in listed blocked persons. OFAC also issued General Licenses No. 14A and 16A, which authorize certain activities necessary to the maintenance or wind down of operations or existing contracts with 1) United Company Rusal PLC and 2) EN+Group PLC or JSC EuroSibEnergo, respectively.

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